All --
How reality meets modeling:
From Forbes.com ( http://www.forbes.com/2008/09/23/bailout-paulson-congress-biz-beltway-cx_jz_bw_0923bailout.html
) :
" In fact, some of the most basic details, including the $700
billion figure Treasury would use to buy up bad debt, are fuzzy.
"It's not based on any particular data point," a Treasury spokeswoman
told Forbes.com Tuesday. "We just wanted to choose a really large
number." "
My guess is that rather than using that bogus "modeling" stuff,
they just used an "oracle" approach (i.e., asked a bunch of people,
"What's a really large number?" and then, from the answers, picked one
that didn't have "trillion" in it, and started with "lucky number
7" . . .)
At least some spokesperson is being honest about their
"methodology" . . .
tom
On Oct 3, 2008, at 11:03 AM, Douglas Roberts wrote:
http://www.theregister.co.uk/2008/10/03/us_economy_model/
"...it implements the 20 equations to describe the economy during a
credit crunch in a programming language called Matlab from MathWorks."
I'm sorry, but all I can say is "Fuck me to tears." The US's head
financier is an idiot.
--
Doug Roberts, RTI International
[EMAIL PROTECTED]
[EMAIL PROTECTED]
505-455-7333 - Office
505-670-8195 - Cell
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Meets Fridays 9a-11:30 at cafe at St. John's College
lectures, archives, unsubscribe, maps at http://www.friam.org
